Naira appreciates by 0.6% against dollar at official market

The Nigerian Naira has appreciated at the official market, trading at N1,607.15 to the dollar.

According to new Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market, NAFEM, the Naira gained N9.93, representing a 0.61 per cent gain when compared to the previous trading date on Aug. 2 when it exchanged at N1,617.08 to a dollar.

At the Investor’s and Exporter’s (I&E) window, the Naira is now trading between N1,620.50 and N1,570.00 against the dollar.